Earnings/Financial Reports
TAIPEI, Taiwan (BRAIN) — Giant Group announced that its first-half revenues were NT$37.23 billion ($1.147 billion), a 12.6% decline from the same period last year.
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation second-quarter revenue was down 18% year-over-year, but CEO Sean Macdonald said the cycling and motorcycle protective brand sees signs of future growth.
SAN MATEO, Calif. (BRAIN) — GoPro Inc.'s second-quarter revenue declined 23% year-over-year with retail-channel sales down 17% during the same period.
ANOKA, Minn. (BRAIN) — Sales declined 13.6% and gross profit decreased 14.2% in the most recent quarter for Vista Outdoor's Revelyst business unit, which includes its bicycle-related brands. The company continues to negotiate with two potential buyers for its Kinetic Group ammunition business and for the entire business. And its board recently announced it's exploring "a full range of alternatives" for Revelyst.
Fox said sales of its bike products in the half were down $87.9 million — or 39.3% — from the same period last year.
OLATHE, Kan. (BRAIN) — Led by the Fitness segment's double-digit growth, Garmin Ltd. second-quarter revenues increased 14% compared to the same period last year.
For the quarter ending June 29, Garmin reported sales of $1.51 billion with operating income increasing 20% to $342 million.
OSAKA, Japan (BRAIN) — Shimano bike component sales decreased 20.7% year-over-year in the first half with the brand saying global market inventories remain elevated.
STOCKHOLM (BRAIN) — Led by growth in the Sports category — which includes bike helmets — MIPS' second-quarter net sales increased 31% year-over-year.
STOCKHOLM (BRAIN) — Thule Group's net sales increased 2.3% year-over-year in the second quarter when the carrier brand also reached agreement for new financing with selected Nordic banks and also acquired a small German bike trailer company.
EL PASO, Texas (BRAIN) — Osprey and Hydro Flask parent company Helen of Troy's net sales fell 12.2% in the first quarter year-over-year. The Home & Outdoor category, which Osprey and Hydro Flask are part of, declined 8.6%.
PITTSBURGH (BRAIN) — Dick's Sporting Goods reported net sales increased 6.2% year-over-year and raised its full-year outlook.
Net sales for the quarter ending May 4 were $3.02 billion, compared with $2.84 billion at the same time last year.
TAIPEI, Taiwan (BRAIN) — Giant Manufacturing says bike sales in China continue to be a bright spot, but inventory reductions in Europe and North America continue to dampen overall sales.
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation's first-quarter revenues dropped 19% year-over-year as the cycling and motorcycle protective brand's dealers and distributors continue to deal with excessive inventory levels.
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